House of Representatives, budget bill and Rooftop Solar
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Solar stocks rebound Friday after suffering crushing losses in the previous session that followed the House of Representatives' passage of President Trump's tax and spending package that analysts say would effectively end the U.
Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,
For anyone who can afford to go solar, "now would be the time" because House Republicans want to end federal tax credits that make it affordable.
The plan, which is still pending in the House, would eliminate many tax incentives for clean energy programs after this year.
The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.
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Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House early Thursday, driving down shares of solar companies.
1don MSN
House Republicans are proposing to gut energy savings and clean energy tax credits in President Donald Trump’s “big, beautiful” tax bill — money that is creating thousands of jobs in GOP states.
The House's "One, Big, Beautiful Bill" has an accelerated expiration date of December 31, 2025, for the 30% residential solar tax credit.